Well, that was interesting to say the least. In sp
Post# of 1149
Posted On: 05/16/2014 10:37:25 AM
Well, that was interesting to say the least. In spite of the increased revenue it seems we're in deep do-da.
So, the question is.....is it worth staying in and having faith that 'eventually', we can get some savior to come and bail our butts out of this mess. That is a hard question to answer as 2 primary things are involved here.....actually , 3.
First is the time it will take. Can anyone let their money rest that long and we're talking at least a year.
Second is the debt vs. the revenue. Substantial considering we are on the greys and the pps is not likely to get any better and more likely worse in the short term. Why would ANYBODY want to buy shares at this juncture? Just being honest. I really am looking for a reason to buy some cheapies to hold....but, can't justify it.
Third is I think any kind of merger or J/V is out of the equation based on the debt which would have to be absorbed by any other company. Would it be worth it to them to merge with this kind of debt? Personally, I doubt that.
Bottom line is that these guys screwed up and it will take a monumental effort to pull this out of the grave that we have one foot in at the moment. Very unfortunate and painful.
As I disclosed, I have a minimal amount of shares left as I sold most of them earlier. I think I will wait until the stock price finds a bottom.... what-ever that may be, and couple that with updates from Sterling and company to make a decision on whether to buy back in again later. But, it will not be right now.
I am less sure now why I still want to have faith in this management team and I'm pretty pissed at them, but, I do, just not as much.
All of the above is just my opinion and everyone should read the report and make your own choices on how to move forward. I wish all the best of luck in whatever you do. GLTA
So, the question is.....is it worth staying in and having faith that 'eventually', we can get some savior to come and bail our butts out of this mess. That is a hard question to answer as 2 primary things are involved here.....actually , 3.
First is the time it will take. Can anyone let their money rest that long and we're talking at least a year.
Second is the debt vs. the revenue. Substantial considering we are on the greys and the pps is not likely to get any better and more likely worse in the short term. Why would ANYBODY want to buy shares at this juncture? Just being honest. I really am looking for a reason to buy some cheapies to hold....but, can't justify it.
Third is I think any kind of merger or J/V is out of the equation based on the debt which would have to be absorbed by any other company. Would it be worth it to them to merge with this kind of debt? Personally, I doubt that.
Bottom line is that these guys screwed up and it will take a monumental effort to pull this out of the grave that we have one foot in at the moment. Very unfortunate and painful.
As I disclosed, I have a minimal amount of shares left as I sold most of them earlier. I think I will wait until the stock price finds a bottom.... what-ever that may be, and couple that with updates from Sterling and company to make a decision on whether to buy back in again later. But, it will not be right now.
I am less sure now why I still want to have faith in this management team and I'm pretty pissed at them, but, I do, just not as much.
All of the above is just my opinion and everyone should read the report and make your own choices on how to move forward. I wish all the best of luck in whatever you do. GLTA
(0)
(0)Growlife Inc. (PHOT) Stock Research Links
In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA
Scroll down for more posts ▼